- Reuters•2 hours ago
A U.S. Justice Department attorney told a federal judge on Monday that health insurer Aetna Inc's planned acquisition of Humana Inc would break antitrust law by reducing competition in Medicare Advantage and Obamacare exchange businesses, kicking off a trial expected to last weeks. The Justice Department filed a lawsuit in July asking the court to stop Aetna's $34 billion deal for Humana, arguing it would lead to higher prices for seniors and the disabled on Medicare and for people who use the individual insurance program created under the Affordable Care Act, popularly known as Obamacare. Aetna defended the deal on Monday, arguing that Medicare Advantage competes with the government's traditional Medicare program for elderly or disabled patients.
- Barrons.com•4 hours ago
Aetna (AET) slumped to the bottom of the S&P 500 today after the health insurer's trial over its merger with Humana (HUM) began. Aetna fell 3% to $129.45 today, while the S&P 500 rose 0.6% to 2,204.71. Humana dropped 2.2% to $208.83.
HUM : Summary for Humana Inc. Common Stock - Yahoo Finance
Humana Inc. (HUM)
NYSE - NYSE Real Time Price. Currency in USD
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|Bid||208.34 x 500|
|Ask||208.39 x 500|
|Day's Range||204.71 - 214.87|
|52 Week Range||150.00 - 217.80|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||28.24|
|Dividend & Yield||1.16 (0.54%)|
|1y Target Est||N/A|